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Home » News » Financial News


Financial News

K Line predicts deeper losses on higher bunker prices
16 Oct 2018 12:02 GMT
Projected FY loss is more than three times higher than the amount forecast in July.

ONE revises earnings and bunker price forecasts downwards
16 Oct 2018 10:04 GMT
Predicts full-year loss of $600m and average bunker price of $451.

Gasum ups Skangas ownership to 100%
10 Oct 2018 14:05 GMT
Lyse Group divests its 30% stake in LNG bunker supplier.

Hapag to introduce new MFR mechanism to calculate bunker charges
08 Oct 2018 12:18 GMT
Shipper estimates annual fuel costs will rise by around $1bn in 'the first years' after 2020 sulphur cap.

Stolt Tankers posts profit decline on higher bunker costs, reduced hedging gains
04 Oct 2018 10:06 GMT
Uptrend in bunker prices only partially offset by fuel surcharges and gains on bunker hedges, says CEO.

Eagle Bulk seeks bondholder approval to finance scrubber retrofits
03 Oct 2018 00:13 GMT
Wants to change bond terms so it can use proceeds from certain ship sales to finance scrubber programme.

Avenir eyes LNG bunkering, ssLNG dominance following $182m tri-party investment
02 Oct 2018 10:51 GMT
Aims to provide ship-to-ship bunkering at 'key strategic ports'.

Brightoil backlog: Release of 2018 annual results also delayed
28 Sep 2018 10:42 GMT
Annual results and report will not be released by Sep 30 and Oct 31, respectively.

Carnival posts record Q3 despite 41% jump in bunker costs
28 Sep 2018 00:51 GMT
Fuel expenses rose to $434m as average bunker price climbed $153 to $531 per tonne.

Ecoslops posts H1 decline in revenue, profit
27 Sep 2018 00:34 GMT
Positive EBITDA of Sines plant is 'proof of the reliability of the business model', says slops-to-bunkers firm.

Sulphur surcharges 'stink': Maersk BAF 'lacks transparency', says shipper group
26 Sep 2018 00:19 GMT
Trade association reacts with 'suspicion' to Maersk's decision to change its BAF calculation.

Sulphur 2020: CMA CGM to review fuel surcharge policy
25 Sep 2018 01:34 GMT
Surcharges to address extra $160/TEU in fuel compliance costs, says shipper.

DHT secures $50m scrubber financing
25 Sep 2018 01:05 GMT
Financing structured through increase of DHT's existing $300m credit facility.

Quadrise has 'high degree of confidence' about securing equity funding
24 Sep 2018 10:13 GMT
UK firm upbeat about clinching long-term financing.

Sale of Odfjell Terminals Rotterdam completed
21 Sep 2018 00:08 GMT
Odfjell SE banks $100m from the deal.

Freight association slams 'yet another surcharge' by box carriers
20 Sep 2018 00:02 GMT
Launches stinging attack, describing sulphur surcharge as 'unjustified and blatant profiteering'.

Genco takes delivery of three 'fuel-efficient' ships
12 Sep 2018 07:37 GMT
Bunker-saving vessels 'ideal' for long-haul trades, says shipper.

CMA CGM posts steep profit decline amid 'rising fuel costs'
10 Sep 2018 14:15 GMT
Operating expenses rose mainly due to higher bunker prices and volumes carried, shipper says.

Brightoil bemoans 'staggering' investigation costs; seeks alternative
05 Sep 2018 00:22 GMT
Bunker firm concerned expenses associated with independent review could get 'out of control'.

Grindrod's bunker arm profits from higher prices and tonnage
03 Sep 2018 09:35 GMT
Profit to shareholders from marine fuel and agri business leaps 171 percent.





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